Imotobank, LLC
View this filing on EDGAR (filing index, accession 0001669191-25-000048) | All Form C filings by this company on EDGAR
Filing details
| Company | Imotobank, LLC | (Form C, issuer information) |
|---|---|---|
| State | MA | (Form C, issuer information) |
| Platform | NetCapital Funding Portal Inc. | (Form C, issuer information) |
| Filing date | 2025-01-21 | (EDGAR filing index) |
| Date of incorporation | 2008-03-07 | (Form C, issuer information) |
| Employees | 15 | (Form C, issuer information) |
| Security offered | Common Stock | (Form C, offering information) |
| Price per security | $10 | (Form C, offering information) |
| Target amount | $10,000 | (Form C, offering information) |
| Maximum ask | $1,235,000 | (Form C, offering information) |
| Offering deadline | 2025-03-28 | (Form C, offering information) |
| Platform compensation | Up to 4.9% of amount raised for a successful offering and a listing fee of up to $10,000 | (Form C, offering information) |
Financial summary
Figures are as entered by the company in the financial summary on the cover of its Form C. They are self-reported and unaudited, and they are not taken from the financial statements filed as exhibits to the Form C, which we do not read mechanically.
| Item | Most recent fiscal year | Prior fiscal year | Source |
|---|---|---|---|
| Revenue | $15,274,829 | $12,304,481 | (Form C, financial summary) |
| Cost of goods sold | $13,382,103 | $10,842,618 | (Form C, financial summary) |
| Net income | $1,394 | $140,747 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $83,798 | $135,060 | (Form C, financial summary) |
| Accounts receivable | $98,681 | $59,362 | (Form C, financial summary) |
| Total assets | $1,132,288 | $911,709 | (Form C, financial summary) |
| Short-term debt | $690,867 | $225,000 | (Form C, financial summary) |
| Long-term debt | $115,445 | $238,651 | (Form C, financial summary) |
Mechanical checks that fired
- Going-concern language. Going-concern language appears in this offering's own Form C filing or in an amendment to it, in a sentence that states it rather than ruling it out. The quoted sentence is below. Read the auditor or accountant notes in the filing for the full context. Found in: 0001669191-25-000284, 0001669191-25-000413, 0001669191-25-000489, 0001669191-25-000540, 0001669191-26-000041, 0001669191-26-000082.
"companying financial statements have been prepared assuming that Imotobank, LLC will continue as a going concern."
"companying financial statements have been prepared assuming that Imotobank, LLC will continue as a going concern."
A check means "read this part of the filing closely." It is not a judgment about how the company will do.
Company website as listed in the Form C: https://www.imotobank.com
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